On holding one-day fine-tuning operations

The Bank of Russia took a decision to hold one-day fine-tuning operations to provide ruble liquidity to the banking sector in the amount of 740 billion rubles on 22 December 2014. The amount is based on the requirement to indemnify for the liquidity outflow resulting from seasonal factors, including Federal Treasury deposit redemption and tax payments, and is aimed at stabilising the situation in the money market that will contribute to convergence of interest rates of interbank market and the Bank of Russia key rate.

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22.12.2014 00.00.00